Final Rule
Rescission of Supervised Investment Bank Holding Company Rules
Overview
The Securities and Exchange Commission (the "Commission') is rescinding rules under the Securities Exchange Act of 1934 (the "Exchange Act') that established the Commission's program for supervising investment bank holding companies. The Commission is taking this action pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act'), which eliminated the applicable section effective July 21, 2011. The Commission also is rescinding certain exemptive provisions in its broker-dealer risk assessment rules and delegation of authority rules that pertain to the supervised investment bank holding company program rules that are being rescinded.
Details
Rule Type
Final
Release Number
34-69979
SEC Issue Date
July 12, 2013
Effective Date
July 18, 2013
Federal Register Publish Date
July 18, 2013
Document Citation
78 FR 42863
RIN
3235-AL35